Anil Singhvi Strategy on Aug 25: Check Nifty, Bank Nifty support zone, key levels

Amid neutral global markets, neutral Foreign Institutional Investors (FIIs), neutral Domestic Institutional Investors (DIIs), neutral Future and Options (F&O) and positive sentiment, the short-term trend of the Indian market will remain positive on Thursday, August 25, said Zee Business Managing Editor Anil Singhvi.  

Anil Singhvi's strategy on Nifty, Bank Nifty on August 25, 2022 

Nifty support zone is 17500-17575, below that 17350-17450 is a strong buy zone 
 
Nifty higher zone is 17650-17725, above that 17775-17850 is a profit booking zone 
 
Bank Nifty support zone is 38750-38925, below that 38550-38700 is a strong buy zone 
 
Bank Nifty higher zone 39200-39325, Above that 39450-39650 Profit booking zone 

Nifty support levels are: 17575, 17525, 17500, 17475, 17450, 17400, 17350 
 
Nifty higher levels are: 17650, 17700, 17725, 17775, 17800, 17825, 17850 
 
Bank Nifty support levels are: 38925, 38850, 38750, 38700, 38650, 38550 
 
Bank Nifty higher levels are: 39125, 39200, 39250, 39450, 39500, 39650, 39700, 39750 
 
FIIs Index Long at 45% Vs 49%  
PCR at 1.00 Vs 0.98  
India VIX down by 3% at 18.43 

#IndianStockMarket : बाजार के लिए आज अहम ट्रिगर...#USMarket #CrudeOil #JacksonHole

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— Zee Business (@ZeeBusiness) August 25, 2022

 
For Existing Long Positions: 

Nifty Intraday and Closing SL 17450 

Bank Nifty Intraday SL 38800 and Closing SL 38500 

 
For Existing Short Positions: 
 
Nifty Intraday SL 17650 and Closing SL 17760 
Bank Nifty Intraday amd Closing SL 39250 

 
For New Positions: 
 
Buy Nifty: 
SL 17475 Tgt 17650, 17700, 17725, 17775, 17800, 17825, 17850 
 
Sell Nifty in 17725-17850 range: 
SL 17900 Tgt 17700, 17650, 17625, 17600, 17575, 17525, 17500, 17475 

For New Positions: 
 
Buy BankNifty: 
SL 37800 Tgt 39125, 39200, 39250, 39325, 39450, 39500, 39650, 39700 
 
Sell Bank Nifty in 39450-39650 range: 
SL 39800 Tgt 39325, 39250, 39200, 39125, 39050, 38950, 38850, 38750 
 
F&O Ban Update: 
New In Ban: RBL Bank 
Out Of Ban: Nil 
Already In Ban: Nil